In March 2021, the ninth meeting of the ** Finance and Economics Committee was held, emphasizing that China strives to achieve carbon peak by 2030 and carbon neutrality by 2060. With the deepening of the concept of "carbon neutrality", various countries and regions around the world have gradually increased the research and application of renewable energy, and the global power production structure will gradually develop towards renewable energy in the future, among which photovoltaic power generation will be the fastest growing renewable energy.
In 2021, although the pressure on production costs in many manufacturing links of new energy photovoltaics has increased due to the rising cost of raw materials and the dual control of energy consumption, the rapid growth of global energy consumption and the general trend of energy structure transformation have led to a long-term stage of rapid development of the photovoltaic industry.
In the field of semiconductor materials, the global core shortage continues, the tension of semiconductor materials has not eased, and the industry is booming. China's new PV installed capacity in 2021 is as high as 5488GW, up 139%, the cumulative installed capacity of national photovoltaic power generation reached 306GW, with a growth rate of 2101%。According to data from the National Energy Administration, from January to March 2023, China's new photovoltaic installed capacity was 3366GW, up 154 year-on-year81%；1329GW, up 463% year-on-year.
In the first quarter, the new investment in photovoltaic was 52.2 billion yuan, a year-on-year increase of 1776%。The continuous increase in the number of new PV installations has led to the growth of IGBT demand, and according to industry research, the value of IGBT in PV inverters is about 20 million to 30 million GW. In terms of energy storage, with the iteration of energy storage technology and the reduction of costs, the growth rate of energy storage installed capacity has accelerated. According to the Hismarkit report, by 2025, the annual scale of new grid-connected energy storage inverters is expected to increase to 106GW, the application of energy storage inverters further opens up the IGBT market.
In the long run, with the advancement of the global "carbon neutrality" goal and the prominent economics of photovoltaic LCOE, the global photovoltaic industry will still maintain a good momentum of development, and the overall demand will improve and the certainty will be enhanced.